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Sp for ANTO is rising against all the odds. Can anyone see why?
keeps on moving up despite brokers forecasts....??
eviking it's never coming back down! :( but also :)
OracleofOldham
5 day rise ace more 2 come buy on low days!
I feel bad to say, but wish I'd had more time to buy down in the 1100s :)
Nice problem to have.
https://www.ft.com/content/d281665f-0444-4cd8-b616-5f5ddf2ab8a6
Global plans to electrify economies and cut carbon emissions could be slowed down by copper shortages, the head of the world’s largest listed producer of the metal has warned.
Richard Adkerson, chief executive and chair of US mining group Freeport-McMoRan, said surging global demand for copper for the rapid rollout of electric cars, renewable electricity and power lines would cause a shortfall.
https://www.proactiveinvestors.co.uk/companies/news/996770/chilean-revision-to-hot-button-copper-mining-royalty-proposal-factors-in-operating-costs-says-canaccord-lessening-pressure-on-canadian-miners-996770.html
not as bad as it could have been.
Prob fair the country gets something back
https://www.mining.com/web/chile-close-to-decision-on-raising-mine-royalties/
https://www.bloomberg.com/news/articles/2022-10-24/china-s-billion-dollar-cash-for-copper-trade-grinds-to-a-halt
If you can't read it it states China's 'massive' copper stockpile is bare and they are becoming completely reliant on imports when there is already concern for the availability of in the market.
$$ dyor
Maybe it is some Copper Put Options that expire tomorrow
ANTO just jumped up 40p --- anyone catch why?
" Trafigura warns the world is running low on copper "
https://www.ft.com/content/80fdd315-2db4-46fa-a76e-6d3d4eff83e5
well the tangible assets of the company are currently the same as the market cap so this is a very low risk stock at these prices even with the drop in Copper.
Bit of relief then.... Dividends paid... still a resonable yield for your capital ....atb
I suspect increasing volume of Copper Put Options are currently dragging the copper price down - need to watch those as a bearing of when a turn might come - short term looking weak at the moment copper now $3.37 a pound down from $3.74 a pound at H1 results ....
I agree, if you have a 5-10 year plus horizon you should make a lot of money with this stock.
I'm opening a position here this week, I think it is suffering from year on year comparisons and of course its revenue is off when copper prices have dropped. However copper price long term will only go up with the green energy revolution which no matter how many people want to hold on to oil and gas will happen globally and copper especially is going to have a massive supply to demand shortfall.
All IMO opinion though also the opinion of a lot I've been reading too.
GLA
but long term gain imo DYOR. I topped up again today
www.knowledgebible.co.uk
Looks to be a mass exit today , if the sells figures are to be believed , took a small position again to trade , Gla
Not for long !
Can anyone tell me why this is now heading North
anto ceo on copper
https://www.bloomberg.com/news/videos/2022-05-20/antofagasta-ceo-on-copper-esg-chile-constitution-video
This happened in April! When you hear about a "bull run" in metals etc about to happen, it's already happened and it's being pumped. I think price action is keeping the SP afloat then, as it's historically cheap.